Latest news
Daily: British gas prices down on an oversupplied system
Brent crude oil futures fell on Wednesday below $110 per barrel on reports that some Libyan oil exports might soon start again, while the Seaway crude oil pipeline had close, halting shipments from the U.S. Midwest to the Gulf Coast.
read more... 22/08/2013
China has started importing gas from Myanmar
The China-Myanmar pipeline has started delivering natural gas to China, aiming to reduce the country’s reliance on shipping through the Strait of Malacca and will help to diversify its energy imports.
read more... 01/08/2013
Daily: Brent trades steady below $108 after retreating from three-month peak
Brent crude remained unchanged below $ 108 a barrel on Friday, after retreating from a three-month high in the previous session as the expectations of more supply from non-OPEC producers and concerns about China's demand growth cut gains. Meanwhile, Brent crude for August delivery dropped 8 cents to $107.65 a barrel by 04:58 GMT, after hitting a low of $107.28. U.S. crude traded at $104.84, down 7 cents, remaining on track for a third weekly increase. It registered a considerable decline in nearly three weeks on Thursday after touching a 16-month high at $107.45, following fears of a supply squeeze at the contract's delivery point in Cushing, Oklahoma, eased on a pipeline outage.
read more... 15/07/2013
Bulgaria to cooperate with Gazprom on South Stream Project execution
The South Stream gas pipeline remains a project of strategic importance for Bulgaria, as the pipeline is intended to bring Siberian gas to Europe under the Black Sea. The project is set to be the main pipeline to southern Europe, as the competing Nabucco pipeline project, that was privileged by the European Union, failed at the tender stage. South Stream is expected to transport about 63 billion cubic meters of gas.
read more... 10/07/2013
Daily: British gas edges up on colder weather forecast, drop in imports from Norway
Brent crude oil dropped on Monday following news that Libya’s major Sharara oilfield and an Iraqi pipeline will resume operations, easing concerns about global oil supplies after an early hike to a three-month high above $108 a barrel on continuing unrest in Egypt.
read more... 09/07/2013